debt
confidence high
sentiment neutral
materiality 0.50
M3-Brigade Acquisition V Corp enters $2.5M promissory note with sponsor, expands board to seven
M3-Brigade Acquisition V Corp.
- Up to $2.5M promissory note issued to M17 Sponsor, LLC; $500K drawn on June 18, 2025 for working capital.
- Note bears no interest, due upon consummation of initial business combination; repayment limited to funds outside trust account if no deal.
- Board expanded from 5 to 7 directors; Paul W. Kopsky Jr. (Class III) and Franklin Tsung (Class II) appointed effective June 13, 2025.
- Kopsky appointed to Audit Committee as chair and designated as audit committee financial expert.
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